2301 E Expressway 83 - Hospitality FOR SALE


Donna, TX 78537
$2,800,000 USD
956-631-1322
2301 E Expressway 83, Donna, TX for Sale
$2,800,000 USD
Hospitality - FOR SALE
1/6
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2301 E Expressway 83
Donna, TX 78537


OVERVIEW

The Hotel is an interior corridor limited-service Hotel With 48 rentable guest rooms that includes office/lobby, and onsite laundry room with space for a 5,000SF event center. The Hotel Was Built in 2001 and is a a blank canvas as the property has been prepped for redevelopment and not currently operational. It is Situated on a 1.7553-acre Site and includes a gross building area of Approximately 31,299 square feet, According to Hidalgo County Appraisal District. Included on the property is approximately 5,000SF which could be transformed into an event center to which makes it popular for quinceneras, weddings and family gatherings. Visitors attending such events often need hotels for their stay. The property is conveniently located on the frontage road of Highway 83 in a growing robust retail market. Across the expressway are big box retailers such as Wal Mart, Ross and Burlington.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$90 USD /SF

# OF ROOMS

48

PRICE/ROOM

$58,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crown Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

F

YEAR BUILT

2001

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,701 SF

ZONING

B2

APN/PARCEL ID

R1336-00-000-0001-00

ASK ABOUT THIS PROPERTY

Ernie GarzaColdwell Banker Commercial Rio Grande ValleyMore Info
956-631-1322

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Ernie GarzaColdwell Banker Commercial Rio Grande ValleyMore Info
956-631-1322

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.